Learn more about which currency pairs to trade.

The choice of the best  currency pairs is very important for Forex trading. The main factors to consider when choosing the best currency to trade include volatility, spread, trading strategy and the level of difficulty of forecasting the course.
There is a huge variety of currency pairs available for trading in the Forex market. Most often, ignoring the other instruments, traders open positions on all known EUR/USD and GBP/USD, EUR/JPY and  USD/JPY, which are the most traded currency pairs in the world.

Trading Concepts

What is Forex?

The foreign exchange market, also known as forex or the FX market is the world’s most traded market, with turnover of $5.3 trillion per day(BIS Triennial Survey 2013).

To put this into perspective, the U.S. stock market trades around $226 billion a day; quite a large sum, but only a fraction of what forex trades.
Forex is traded 24 hours a day, 5 days a week across by banks, institutions and individual traders worldwide. Unlike other financial markets, there is no centralized marketplace for forex, currencies trade over the counter in whatever market is open at that time.

How FX Trading works

Trading forex involves the buying of one currency and simultaneous selling of another. In forex, traders attempt to profit by buying and selling currencies by actively speculating on the direction currencies are likely to take in the future.

World’s Major Currencies

COUNTRY	SYMBOL	COUNTRY	SYMBOL
United States	USD	Switzerland	CHF
Eurozone	EUR	Canada	CAD
Japan	JPY	Australia	AUD
Great Britain	GBP	New Zealand	NZD

Learn more about which currency pairs to trade.

Want to know more about how to trade forex?

Our free Let’s Get to Know Forex guide will cover how to get started, help you make your first trades and outline how to create a long-term trading plan for long-term success.